Note 7 - Commitments and Contingencies

12 Months Ended

Apr. 30, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

7 . COMMITMENTS AND CONTINGENCIES :

Lease and Rent Commitments (in thousands).

We lease and rent space with initial terms of (

3

) years, (

5

) years,

ten

(

10

) years, and

twenty five

(

25

) years. Total rental expense incurred for the years ended

April 30,

201

7

and

2016

was

$5,180

and

$5,117

respectively.

Minimum lease and rent agreement commitments under noncancellable operating leases and rental agreements for the next

five

(

5

) years are as follows:

Year Ending April 30	Amount
2018	$	5,016
2019		4,929
2020		4,946
2021		4,995
2022		5,037
	$	24,9 23

Litigation:

From time to time we

may

be a defendant and/or plaintiff in various other legal proceedings arising in the normal course of our business. We are currently

not

a party to any material legal proceedings or government actions, including any bankruptcy, receivership, or similar proceedings. In addition, we are

not

aware of any known litigation or liabilities involving the operators of our properties that could affect our operations. Furthermore, as of the date, our management is

not

aware of any proceedings to which any of our directors, officers, or affiliates, or any associate of any such director, officer, affiliate, or security holder is a party averse to our company or has a material interest averse to us.